Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.7 million head on January 1, 2023. The inventory was 3 percent below January 1, 2022. The inventory included 7.03 million steers and steer calves, down 4 percent from the previous year. This group accounted for 60 percent of the total inventory. Heifers and heifer calves accounted for 4.65 million head, down 1 percent from 2022. Placements in feedlots during December totaled 1.80 million head, 8 percent below 2021. Net placements were 1.75 million head. During December,...

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